If the tenant does file BK, then they must pay rent from that time on, as long as they occupy the space.It pays to monitor how your tenants are doing.

If you study it long enough (and to be honest study probably is right word, more like monitor) you'll start seeing what things get rented and what stays vacant.

We'll continue to monitor it over the next several months to determine if this is a long-term winner or not for us.

Bigger Pockets has some great state forums and usually there are good locals that monitor those. 

3️⃣ Stay legally compliant: Authorities are becoming stricter in monitoring licensing and state tax contributions.

Log into Mint.com and monitor all of my accounts.

They provide seminars, monitor legislation and specific court cases, etc.

We had begun monitoring the development in September of 2019 (when they were initially just clearing the land) until prices were available in late May of 2020 (~9 months).

In Denver, for instance, they initially hired a company called Host Compliance to monitor STRs and sites like Airbnb and VRBO.

This includes having a solid understanding of the real estate market and taking calculated risks.In terms of advice, I would recommend continuing to monitor the cash flow and ROI of your current properties, ensuring that they are producing consistent returns.